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The extreme volatility on Wednesday cooled a lot of people off, prompting some to call Bitcoin a bubble ready to burst, and caution everyone about taking it too seriously. However, the Los angeles Times reported that advanced level investors pertaining to instance the Winklevoss twins procured Bitcoin.

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JK: I said I wouldn't back again into it unless we had the technical side taken care of, the legal side as well as the money behind it. We hired 7 lawyers to execute the legal side, and convinced Miron Cuperman who worked on PCI compliance at Google, to join as the CTO. He was an exceedingly big fan of Bitcoin and he's working for us full time now, he's pretty tremendous. Having him really convinced me it was worth buying. We also raised 400, 000 in seed money and right now most amongst us are not taking a salary, so we're working really tough on it all.

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